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Fourth quarter products and licensing revenue increase 18 percent compared to prior year quarter
March 13, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Luna Innovations Inc. announced its financial results for the fourth quarter and year ended Dec. 31, 2013. As compared to the same quarter last year, total revenue decreased by 4%, from $6.1 million in the fourth quarter of 2012 to $5.9 million in the fourth quarter of 2013. Total revenue improved by 2% compared to the third quarter of 2013. Products and licensing revenue increased 18% compared to the fourth quarter of 2012 and also increased 16% compared to the third quarter of 2013. Tec...
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